Massachusetts flunks economics - Demand is up, supply is down, and health care costs in the Bay State are rising 50% faster than the rest of the country. New England Republican suggests it's our demand for high quality health care but doesn't mention the artificial demand set up by the new requirement that everybody have health care insurance.
Here's how I think the required health care coverage experiment is going to play out: remember years ago when AOL dropped their minute-by-minute billing and just went to a flat, unlimited rate? A week later, they were shocked to discover that people were logging on and never logging off. The system was overloaded, other customers couldn't connect, and AOL had to scramble to add capacity.
Watch what happens when everybody rushes to the hospitals because - why not? - somebody else is going to pay. Primary doctors are going to head for the hills and the whole system will go into de facto paralysis.
Extra - Q&O: "The ultimate end of nanny state health care"
1 comment:
I find it ironic that everyone wants health insurance even though health insurance makes health care unaffordable.
That's the problem with too many legislators - they have no understanding of economics and because of that lack of understanding they end up damaging the very thing they want to 'save'.
The have good intentions....but we know where that road leads.
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